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REACT Group (REAT), the specialist provider of rapid response deep cleaning and emergency decontamination services, has announced results and that “since the year end the company has traded very well” and “opportunities to acquire niche businesses that add a further offering to our ever expanding client base”. The results – covering the period just from 24th June 2015 transfer of the core business into its own company to 30th September – show an adjusted loss of £55,000 on revenue of £0.70 million and, after particularly £0.40 million ofacquisition & admission costs offset by £2.12 million of new equity, cash at the period end of £1.84 million. The company added that now, following the setting up of two new subsidiaries, the cash position is £1.3 million. It emphasised a focus on organic growth coupled with “growth by acquisition”, with it operating in a sector of many small specialist companies and having, over the years, “built up an in depth knowledge of the niche areas that require expertise that it would find complimentary to the skill sets that it currently offers”. Having been recommended at 1.68p last year, there has been little excitement here thus far and the shares currently trade at 1.40p – to capitalise the company at sub £4 million. However, we particularly note its outlook statement that “what we are delighted with is the number and increasing value of new tenders we are being approached on and the success with winning these… At present the market capitalisation of REACT Group Plc is small but I believe that if we deliver upon the opportunities forwarded to us this will change very rapidly”. - See more at: http://www.*************.com/views/19670/react-group-results-and-trading-update-buy#sthash.Gr0DdccW.dpuf
Steakbake Change the *'s for ************* http://www.*************.com/views/19670/react-group-results-and-trading-update-buy
Financial Report and Posting of Report & Accounts Wednesday, 23 March 2016 RNS Number : 9644S React Group PLC 23 March 2016 23 March 2016 REACT Group plc (the "Company or the Group") Financial Report and Posting of Report & Accounts Period June 24 2015 to September 30 2015 REACT Group plc (AIM: REAT), the specialist provider of rapid response deep cleaning and emergency decontamination services, announces its financial results for the period from June 24 2015 to September 30 2015. Financial Highlights · Turnover for the period of £704,000 · Gross profit for the period of £358,000 · Loss excluding one-off items £55,000 · Loss for the period of £1.2million · Cash position remains strong with £1.8million, at the date of the financial statements and £1.3million as at today's date. Operational Highlights · The Company announced the raising of £2.0 million (before expenses), the acquisition of REACT SC Holdings Ltd and the readmission of its shares to trading on AIM on 14 August 2015 · The Company reports a successful start to the current trading period Post Period End · Two wholly owned subsidiaries created to reflect business · Environmental Services granted a Full Asbestos Removal Licence · New client business gained Grahame Rummery, Chief Executive of REACT Group plc, commented: "Since we recommenced trading on June 24 2015, we have been able to continue to generate revenues from our existing customer base and new clients. Following the re-admission to AIM and the acquisition of the two new subsidiaries, we are now working with a number of new clients that will be generating the growth in sales for all businesses in the Group going forward." For further information, please contact: REACT Group plc Gill Leates - Chairman 07799 662642 SPARK Advisory Partners Limited (NOMAD) Neil Baldwin 0203 368 3554 Mark Brady 0203 368 3551 Whitman Howard Limited (Brokers) Nick Lovering 0207 659 1224 Walbrook PR Ltd 020 7933 8780 Paul McManus Mob: 07980 541 893 Chairman's and Chief Executive Statement We are pleased to announce the financial results for REACT Group PLC's (formerly Verdes Management PLC) annual report for the period ended 30 September 2015. The Company was admitted to trading on AIM in August 2015 following the successful acquisition of REACT SC Holdings Ltd. and was renamed REACT Group PLC. REACT traded successfully for many years as a division of Autoclenz Holdings Ltd. In June 2015 the REACT business was transferred to a newly-formed limited company, REACT Specialist Cleaning Limited, which, following a re-organisation of the Autoclenz group, became a subsidiary of REACT SC Holdings Limited. On 17 August 2015, REACT Group Plc acquired the entire share capital of REACT SC Holdings
Totally agree, we must remember each buy and sell has a reason and all of that based on financial reasoning. I just hope all those that were here with VMP and took the options are confident of where we are, it’s hard not to be IMO. It’s a well-founded team, product and with the appointments the perfect foundation for a steady and healthy rise. Having sat on an AIM board the weight that carries with customers is quite formidable and the current engagements will only get bigger as the risk factors are lessened. GLA GLA
It still amazes me that people will sell when they have unjustified panic, the fundementals are clear, this was a declining company that has bought into something strong and looking to the fture, the board memebers and key investors are not the sort to watch the ship sail without guidance. Yes there has been some quie on the western (and all) fronts but happy to ride with this, plus the 4.00 average is a bit of a focussing point. Every time someone bails the shares are picked up domnt sell sit tight and this will all come good IMHO.
I thought the volume was high today in comparrison to all days between VMP and REAT. With a buy of 3,815,476 then maybe there is a little light coming here. Well done all tose that have held. I am sure Adam wont have worked on this to let it pale into insignificance....... ~GLA
"Correct Reporting of Share Trades on the London Stock Exchange" Petition to stop the markets showing buys as sells and vice versa!! This petition was stalled in parliament since beginning of Nov 15. The FCA don't even reply on the matter, now is your chance to have your say. 2886 signatures so far. Have you done your bit yet? Have you sent it to your contacts? https://petition.parliament.uk/petitions/112044/sponsors/frRbCOsOLO6QqIN82UOX ADD this lin tom your other chat boards, it needs to be 100k to be heard.
Yes you're right and at this point with only 1.7m shares to go into free circulation for what is technically a new IPO for an existing company that's filling it's book, growing each year and hitting target 93% is a little disappointing. NOT! Let's see what happens when this little baby takes off.
Who's your share platform. If you call share price and tell them you have shares they may be able to take your entitlement across. Don't give up its your right. My deadline was the 9th.
You will be offered to buy 2 shares per 75 held before suspension at 1.68p per share. Cross check I held 5m and was offered 133333 shares total for my basic entitlement. Most are offering excess for the same again as a "lottery"
Just had my message through that I am eligible to buy shares at 2 for every 75 held at 1.68p per share. Who's topping up????
Yes they are duty bound to get shareholder approval but who's going to say no?
Sit tight. If we know anything the guys involved in this are professional and if it was me I would want all ducks lined up and ready in a neat row. It maybe addition of deals to announce and taking it to the wire for a better fitting to go from. Deal or No Deal? Deal!!
twokids It's a real shame that you have felt the need to upload a post like that. I never saw DB lie or promise anything he didn't deliver. You obviously we're set to do well and either got greedy or took you eye off the ball. There was some level of artificial high with COMS but that was probably due to forums like this. If you can take a risk don't invest. It's all hearsay on who, where and what anyway so sit back and deal with the evidence not hangover emotions.
Had a client that charters aircraft from me that invested well with VMP who was most positive about the business. It's all hearsay but I still also have a positive feel here and sometimes with AIM gut is all you have.
LordGerbil Where do you get your insight from? Seems like a very powerful statement from someone with 7 posts? If it's a question maybe it could be posed as such not a statement? It is what it is. Helium and some large investors have gone long here and let's see. Didnt your mum ever tell you:- Unless you have nothing nice to say then say nothing at all. See you all at the finish line for champagne or water.